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Gulf Deficits Expected to Hit $490bln by 2023, Standard & Poor's Report
2020-07-21
Countries of the energy-rich Gulf are expected to accumulate $490 billion in deficits by 2023 due to the double hit of low oil prices and the coronavirus slowdown, Standard and Poors said in a report.
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Bahrain Fiscal Deficit Expected at 12% of GDP in 2020: S&P
2020-05-31
Bahrain's fiscal deficit is seen widening to 12% of GDP this year from 4.6% in 2019, largely due to lower oil prices, S&P Global Ratings said on Saturday.
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S&P Revises Bahrain Outlook to Positive after Receiving $3.7bn from Gulf States
2019-12-02
Global ratings agency Standard and Poors (S&P) revised its outlook on Bahrain to positive from stable following the implementation of the government's budget-deficit-reducing measures and other reforms.
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Bahrain, Qatar Ratings Most Vulnerable to Strait of Hormuz Strains: S&P Global
2019-06-14
Bahrain and Qatar's credit ratings are the most vulnerable in the event an escalation of U.S.-Iran tensions causes blockages in the Strait of Hormuz, one of the world's main oil shipping arteries, S&P Global said on Thursday.
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S&P: Bahrain has 23% Chance of Default in next 5 Years
2018-06-10
The government of Bahrain's slow fiscal response to past declines in oil prices has led to a large and growing stock of government debt, and gross international reserves are low and volatile, according to Standard & Poor's (S&P) report.
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Standard & Poor's Cuts Bahrain Rating to “B+”
2017-12-02
S&P Global Ratings on Friday lowered Bahrain’s long-term foreign and local currency sovereign credit ratings on Bahrain to ‘B+’ from ‘BB-'.
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Moody’s: Qatar Credit Quality to Decline if GCC Tensions Persist
2017-06-08
Qatar's credit quality would decline if tensions with its Gulf neighbors continue for much longer, raising the country's debt ratio and hurting banks' liquidity, Moody's ratings agency said on Thursday.
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Standard & Poor's Says Bahrain Outlook Revised to Negative
2017-06-04
Standard and Poor's (S&P) said Kingdom of Bahrain outlook revised to negative on weakening external & fiscal positions. It also affirmed its rating at "BB-/B".
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S&P Keeps ICICI, HDFC Banks' Bonds Sold via Bahrain on Negative Watch
2016-05-21
Standards and Poor’s (S&P) retained its negative credit watch on the overseas bonds issued by ICICI Bank and HDFC Bank through their Bahrain branches citing the downgrade of the Gulf nation.
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S&P Cuts Saudi Arabia, Brazil, Oman, Kazakhstan, Bahrain
2016-02-18
Bahrain Mirror (Reuters): Rating agency Standard & Poor's downgraded Saudi Arabia, Brazil, Kazakhstan, Bahrain and Oman's credit ratings on Wednesday, in its second mass cut of large oil producers in almost exactly a year.